According to the recent research report titled ‘Global Hydroxyethyl Methyl Cellulose Market Size study, by Application (Construction, Pharmaceuticals, Food, Others) and Regional Forecasts 2022-2028’ available with MarketStudyReport, the global hydroxyethyl methyl cellulose market accounted for USD 47 million in 2021 and is reckoned to showcase a y-o-y growth rate of 9% during the study period, eventually reaching USD 85.9 million by the year 2028.

Increased demand for hydroxyethyl methyl cellulose (HEMC) in the construction, pharmaceutical, food, paints, and other applications, rising health concerns, and growing demand for convenience foods are primarily responsible for global hydroxyethyl methyl cellulose market growth.

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Notably, the gelling and thickening agent hydroxyethyl methyl cellulose also called hymetellose or HEMC is generated from cellulose. The product is extensively used as a binder or a thickner in a wide range of industrial applications, including those for adhesives, building materials (such as cement mortar), personal care products, and pharmaceutical formulations,. Ethylene oxide and methylcellulose are combined to produce a non-ionic cellulose ether therefore HEMC is additionally used as a water retention agent.

The study on global hydroxyethyl methyl cellulose market highlights the overall industry performances and of the major segmentations. The report is documented in a way that comprises both qualitative and quantitative aspects of the industry in each of the regions mentioned in the study.

The multiple market segmentations are evaluated to properly understand the current trends and revenue-generating prospects in this industry sector, allowing investors to make profit-driven decisions.

Speaking of which, worldwide hydroxyethyl methyl cellulose marketplace is split into application scope and geographical overview. By application scope, the market is divided into construction, food, pharmaceuticals, and others.

The geographical reach of this industry vertical extends to Asia-Pacific, Latin America, North America, Europe, and the rest of the world. North America market is expected to witness continuous growth during the forecast timeline due to rapid expansion of hospitals and retail sectors.

The leading companies defining the competitive landscape of global hydroxyethyl methyl cellulose industry space include Dow. Inc., Zhejiang Kehong Chemical Co. Ltd, Ashland, KIMA CHEMICAL CO., Ltd., Akzo Nobel N.V., MIKEM, Lotte Fine Chemical, Merck KGa, Celotech Chemical Co. Ltd., and SE Tylose.